Girl Scouts Partner with MetLife to Teach Financial... - Other News


ADVERTISING DISCLOSURE: is an independent, advertising-supported web site. receives compensation from most credit card issuers whose offers appear on our site. Compensation from our advertising partners impacts how and where their products appear on our site, including, for example, the order in which they may appear within review lists. has not reviewed all available credit card offers in the marketplace.

Credit Card Applications » News » Other » Girl Scouts Partner with MetLife to Teach Financial Empowerment

Girl Scouts Partner with MetLife to Teach Financial Empowerment

Girl Scouts Partner with MetLife to Teach Financial Empowerment
The content is accurate at the time of publication and is subject to change.

Girl Scouts will be able to put a new patch on their vests after participating in a new curriculum designed to teach them about money. The Girl Scouts of the USA and MetLife are putting $800,000 behind the Girl Scout Global Financial Empowerment Initiative, which will provide lessons on budgeting, credit cards, credit scores, interest rates, loans, and more.

Scouts in Western Ohio, Charlotte, North Carolina, West Central Florida and New York, will participate. Since this is a global initiative, Japan, Poland, Brazil, Chile and Mexico will also join in to teach young girls the basics of financial management.

Girls feel financial education is important, but don’t feel confident in their skills

The Girl Scout Research Institute report, “Having It All: Girls and Financial Literacy,” reveals that 90% of girls believe learning money management skills is important. However, only 12% said they are confident that they are equipped to make sound financial decisions.

Anna Maria Chavez, CEO of Girl Scouts of the USA, said, “Financial capability is one of the most empowering and important skills that we can teach young girls today.”

Dennis White, CEO of the MetLife Foundation, which is partnering with the Girl Scouts to fund this initiative, agreed that financial education is vital. “Empowering young people to understand personal finance is critical to improving their financial futures.”

“Through our support of the Girl Scout Global Financial Empowerment Initiative we are providing girls with the necessary tools, skills, and knowledge they will need to make better financial decisions,” he said.

Girls and boys not equally prepared for their financial futures

A T. Rowe Price Foundation study conducted earlier this year found that girls don’t talk about money with their parents as much as boys do. Fifty percent of girls reported having money conversations with their parents, compared with 58% of boys.

Perhaps not surprisingly, only 38% of girls in the survey said they felt they were “very” or “extremely” smart when it comes to money. Forty-five percent of boys rated themselves very or extremely money-savvy.

Other findings indicated that parents think their sons are smarter than their daughters about money. Eighty percent of folks with a boy said he understands the value of a dollar, compared with 69% of people with a daughter. And parents are giving their boys more financial responsibility as well. Twelve percent of boys have access to a credit card through their parents, while only 6% of girls do.

Disclaimer: This editorial content is not provided or commissioned by the credit card issuer(s). Opinions expressed here are the author's alone, not those of the credit card issuer(s), and have not been reviewed, approved or otherwise endorsed by the credit card issuer(s). Reasonable efforts are made to present accurate information, however all information is presented without warranty. Consult a card's issuing bank for the terms & conditions.
All rates and fees, and other terms and conditions of the products mentioned in this article/post are actual as of the last update date but are subject to change. See the current products' Terms & Conditions on the issuing banks' websites.
Add to Favorites:

Related News:

Online Toolkit Aims to Educate Consumers
Online Toolkit Aims to Educate Consumers

Posted: August 18, 2014

The Consumer Financial Protection Bureau (CFPB) is teaming up with national and local groups to help consumers make wiser decisions about money. Continue reading

Americans Less Pessimistic About Economy
Americans Less Pessimistic About Economy

Posted: January 15, 2015

Last month’s Harris Poll found consumers feeling, if not optimistic, at least less pessimistic about the coming year than they felt at the same time last year.
Continue reading

Young People Have Better Financial Habits Than Their Elders
Young People Have Better Financial Habits Than Their Elders

Posted: July 03, 2015

A recent study by T. Rowe Price showed that Millennials are beating Baby Boomers when it comes to healthy financial habits. Continue reading

Get the latest news, articles and expert advice delivered to your inbox. It's FREE.
Earn 5% cash back at different places each quarter like gas stations, grocery stores, restaurants, and more up to the quarterly maximum, each time you activate.
For Excellent, Good Credit
INTRO OFFER: Discover will match ALL the Miles you've earned at the end of your first year, automatically. For example, if you earn 30,000 Miles, you get 60,000 Miles. That's $600 towards travel!
For Excellent, Good Credit
Earn unlimited 1.5% cash back on every purchase, every day
For Average, Fair, Limited Credit
You've successfully subscribed!

Please specify the following:All these fields are optional

Your Credit History
Themes you are interested in:

By providing this information you help us make our news letters more useful and informative. Thank you!